Evotec Balance Sheet Health
Financial Health criteria checks 5/6
Evotec has a total shareholder equity of €1.0B and total debt of €473.5M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are €2.0B and €987.4M respectively. Evotec's EBIT is €33.3M making its interest coverage ratio 5. It has cash and short-term investments of €298.9M.
Key information
46.8%
Debt to equity ratio
€473.51m
Debt
| Interest coverage ratio | 5x |
| Cash | €298.87m |
| Equity | €1.01b |
| Total liabilities | €987.43m |
| Total assets | €2.00b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVT's short term assets (€655.5M) exceed its short term liabilities (€357.5M).
Long Term Liabilities: EVT's short term assets (€655.5M) exceed its long term liabilities (€629.9M).
Debt to Equity History and Analysis
Debt Level: EVT's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: EVT's debt to equity ratio has reduced from 75.9% to 46.8% over the past 5 years.
Debt Coverage: EVT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: EVT's interest payments on its debt are well covered by EBIT (5x coverage).